Business, 26.09.2019 16:10 cjhamilton8614
Marjorie knaus, an architect, organized knaus architects on january 1, 2018. during the month, knaus architects completed the following transactions: a. issued common stock to marjorie knaus in exchange for $30,000. b. paid january rent for office and workroom, $2,500. c. purchased used automobile for $28,500, paying $6,000 cash and giving a note payable for the remainder. d. purchased office and computer equipment on account, $8,000. e. paid cash for supplies, $2,100. f. paid cash for annual insurance policies, $3,600. g. received cash from client for plans delivered, $9,000. h. paid cash for miscellaneous expenses, $2,600. i. paid cash to creditors on account, $4,000. j. paid installment due on note payable, $1,875. k. received invoice for blueprint service, due in february, $5,500. l. recorded fees earned on plans delivered, payment to be received in february, $31,400. m. paid salary of assistants, $6,000. n. paid gas, oil, and repairs on automobile for january, $1,300. required: 1. record these transactions directly in the following t accounts, without journalizing: cash; accounts receivable; supplies; prepaid insurance; automobiles; equipment; notes payable; accounts payable; common stock; professional fees; salary expense; blueprint expense; rent expense; automobile expense; miscellaneous expense. to the left of the amount entered in the accounts, select the appropriate letter to identify the transaction.
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Marjorie knaus, an architect, organized knaus architects on january 1, 2018. during the month, knaus...
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